Wheaton Precious Metals stock analysis
Wheaton Precious Metals (WPM) Share Price & Analysis
WPM Stock Chart & Stats
- Day’s Range
- GBX 10,146.16 - GBX 10,550.00
- 52-Week Range
- GBX 7,420.00 - GBX 13,162.55
- Previous Close
- GBX 10,250.00
- Volume
- N/A
- Average Volume (3M)
- 6,461
- Market Cap
- GBP 46.55B
- Enterprise Value
- GBP 88.55B
- Total Cash (Recent Filing)
- GBP 144.87M
- Total Debt (Recent Filing)
- GBP 1.60B
- Price to Earnings (P/E)
- 29.4
- Beta
- 1.06
- Next Earnings
- Mar 11, 2027 (Est.)
- EPS Estimate
- 0.88
- Next Dividend Ex-Date
- Nov 19, 2026
- Dividend Yield
- 0.54%
Bulls Say, Bears Say
Bulls Say
Asset-light Streaming Model
The streaming structure provides exposure to gold and silver production while limiting direct responsibility for mine development, operating costs, and sustaining capital. This can support durable margins and cash generation across the portfolio as counterparties expand production.
Exceptional Profitability
Very high net and operating margins indicate strong economic profitability from WPM's streaming contracts. Because ongoing metal purchase costs are contractually defined and mine-level costs are largely borne by operators, the business has a durable margin advantage.
Visible Production Growth
The maintained guidance and long-term production targets provide multi-year visibility into volume growth. Advancing projects including Koné, Kurmuk, Phoenix, Platreef and Copper World create a pipeline that can expand future streaming volumes without relying entirely on new transactions.
Bears Say
Deeply Negative Free Cash Flow
The sharp deterioration in free cash flow indicates that substantial investment, working-capital, or other cash uses are absorbing strong operating inflows. Persistently weak cash conversion would reduce flexibility to fund streams, repay debt, or withstand weaker commodity conditions.
Production Declines And Grade Volatility
Several important assets face near-term volume or grade pressure, showing that streamed production remains dependent on mine sequencing and ore characteristics. Such variability can make delivery volumes less consistent and temporarily weaken revenue growth despite the broader pipeline.
Higher Absolute Debt
Although leverage remains reasonable, the increase in absolute debt raises financial risk relative to WPM's own history. More debt can constrain capital allocation and increase the importance of continued operating cash flow and successful production growth.
WPM FAQ
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Wheaton Precious Metals Stock Smart Score
Company Description
Wheaton Precious Metals
Wheaton Precious Metals Corp. operates as a streaming company, primarily engaged in the international sale of precious metals, including within Canada. Its revenue streams are generated from gold, silver, palladium, and cobalt. The company boasts a significant portfolio, encompassing interests in 23 operating mines and an additional 13 development projects. Established in 2004, it underwent a name change from Silver Wheaton Corp. to its current designation in May 2017. The firm is headquartered in Vancouver, Canada.
- Sector
- Basicmaterials
- Industry
- Gold
- CEO
- Haytham Henry Hodaly
- Employees
- 44
- Website
- www.wheatonpm.com
- Address
- Suite 3500 - 1021 West Hastings Street, Vancouver, BC, V6E 0C3, CA
Wheaton Precious Metals (WPM) Earnings & Revenues
WPM Company Deck
WPM Earnings Call
Earnings Call SentimentPositive
The call was strongly positive, supported by record year-to-date operating and financial results, 13% production growth, 62% revenue growth, substantial cash generation, rapid debt reduction, maintained 2026 guidance and multiple development projects advancing toward production. The main challenges were lower Salobo grades in the quarter, expected silver declines at Penasquito, a slight expected reduction in Antamina production in 2027, and uncertainty around the gold-silver ratio used in long-term GEO guidance. These issues were explicitly incorporated into current plans and did not outweigh the company's growth and balance-sheet strengths.
View all GB:WPM earnings summariesWPM Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 3 | 4 |
| Technical Analysis | 3 | 3 | 4 |
| Moving Averages | 12 | 0 | 0 |












